Methanol to Olefins Total and CPI Join Forces to Study a Petrochemical Project in China
Total and the Chinese energy group China Power Investment Corporation (CPI) announced their intention to build a coal-to-olefins petrochemical plant in China.
Inner Mongolia/PR China, Paris/Frankreich – Total and China Power Investment signed a letter of understanding to study the construction of a world scale petrochemical plant in coal-rich Inner Mongolia. The companies will now launch a feasibility study on a one Mt/year polyolefins production site, based on methanol produced from the gasification of coal. The investment for the plant, which is due to start production after 2015, is estimated at two to three billion euros. .